After Nvidia earnings pop, options traders set one-month sights on $260

Nvidia options traders accurately anticipated the stock's post-earnings volatility, as the company's shares surged approximately 7% in premarket trading on Thursday. This upward move fell almost exactly within the options market's pricing, which had implied an expected move of ±6.1% heading into the quarterly earnings report. Following the resolution of the immediate earnings event, options market focus has shifted toward the September expiration cycle. Traders are actively repositioning and assessing the one-month outlook, with options flow and positioning indicating upside targets around the $260 level. The positive market reaction to Nvidia's earnings report provided broader tailwinds for the semiconductor supply chain and buoyed overall technology sector sentiment. Investors continue to monitor forward revenue expansion and gross margin outlooks as key drivers for sustaining momentum over the medium term.